Bahamas (BHS) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Bahamas-Norway Trade: In 2022, Bahamas exported $1.68M to Norway. The main products that Bahamas exported to Norway were Surveying Equipment ($601k), Paintings ($241k), and Other Floating Structures ($228k). Over the past 5 years the exports of Bahamas to Norway have increased at an annualized rate of 23.3%, from $590k in 2017 to $1.68M in 2022.

In 2022, Bahamas did not export any services to Norway.

Norway-Bahamas Trade: In 2022, Norway exported $16.2M to Bahamas. The main products that Norway exported to Bahamas were Surveying Equipment ($6.42M), Recreational Boats ($1.48M), and Valves ($1.3M). Over the past 5 years the exports of Norway to Bahamas have decreased at an annualized rate of 29.5%, from $92.8M in 2017 to $16.2M in 2022.

In 2022, Norway did not export any services to Bahamas.

Comparison In 2022, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bahamas exported $1.68M to Norway. The main products exported from Bahamas to Norway were Surveying Equipment ($601k), Paintings ($241k), and Other Floating Structures ($228k). During the last 5 years the exports of Bahamas to Norway have increased at an annualized rate of 23.3%, from $590k in 2017 to $1.68M in 2022.

In 2017, Norway exported $16.2M to Bahamas. The main products exported from Norway to Bahamas were Surveying Equipment ($6.42M), Recreational Boats ($1.48M), and Valves ($1.3M). During the last 5 years the exports of Norway to Bahamas have decreased at an annualized rate of 29.5%, from $92.8M in 2022 to $16.2M in 2017.

Exports from Bahamas () to Norway () (2022)

Exports from Norway () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bahamas
Top DestinationUnited States$1.4B

Norway
Top DestinationGermany$78.1B

This map shows whether countries import more from Bahamas or Norway. Each country is colored based on the difference in imports they receive from Bahamas and Norway or the difference in the growth in imports.

In 2022, countries that imported more from Bahamas than Norway included Cote d'Ivoire ($576M), Barbados ($30M), and Seychelles ($20.5M).

In 2022, countries that imported more from Norway than Bahamas included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway () and Bahamas () (2022)

Comparative Advantage Bahamas - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Bahamas and Norway by product, considering products traded by both, Bahamas and Norway.

During 2022, Bahamas had a large net trade with Norway in the exports of Instruments ($608k), Transportation ($436k), and Machines ($330k).

During 2017, Norway had a large net trade with Bahamas in the exports of Instruments ($7.21M), Machines ($5.37M), and Transportation ($1.83M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bahamas and Norway. This means that a dot/product with the flag of Bahamas indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Bahamas.

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Historical Data

Bilateral Trade by Products

Exports from Bahamas () to Norway () (2022)

Exports from Norway () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Norway ()

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Bahamas () (2022)

Comparative Advantage Bahamas - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bahamas () and Norway () (2022)

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